NobleOak Life Ltd · ASX:NOL
NobleOak Life — Shareholder Meeting (November 2024)
24 slides from NobleOak Life's shareholder meeting presentation, Nov 26, 2024
Slide 1: 2024 Annual General Meeting
For personal use only 2024 ANNUAL GENERAL MEETING AUSTRALIA’S FASTEST-GROWING DIRECT LIFE INSURER NobleOak Life Limited 26 November 2024
Slide 2: Board of Directors
Board of Directors For personal use only Mr Stephen Harrison Mr Anthony R Brown Mr Kevin Hamman Chairman CEO and Director Deputy Chairman Non-Executive Director Non-Executive Director Ms Inese Kingsmill Mr Andrew Boldeman Ms Sarah Brennan Mr Andrew Gale Non-Executive Director Non-Executive Director
Slide 3: Agenda and presenters
Agenda and presenters For personal use only 01 Chair’s address 02 CEO’s address Stephen Harrison Non-Executive Chairman 03 Formal Business 04 General Q&A 05 Close Anthony Brown Chief Executive Officer 3
Slide 4: Asking a question online
Asking a question online For personal use only 1. Click on the Q&A icon. Type your HIN or SRN first to 2. Type your question into the 3. Hit enter to submit your verify you are a shareholder. Q&A window. message. To contact support: To contact Please support: call 1300 816 159 (within Australia) or
Slide 5: Registration and Voting
Registration and Voting 1 2 3 For personal use only Go to Once logged in you will see that the Click on “register” to register your https://investor.automic.com.au/#/home meeting is open for registration. attendance for the meeting Click on “view” 4 5 6 Once the Chair of the Meeting To vote simply s
Slide 6: Chair's address
For personal use only 01 Chair’s address 6
Slide 7: Who is NobleOak?
Who is NobleOak? Australia’s fastest-growing and most awarded direct life insurer For personal use only High growth life insurer Strong financial discipline rapidly gaining market share delivering stable margins $11bn market with Unique culture and structural tailwinds customer-focused favouring Dir
Slide 8: Considered Board renewal
Considered Board renewal Sarah Brennan Mr Stephen Harrison Non-Executive Director and Chair-elect Non-Executive Director • To become Chair from 1 January 2025 • Chair from 2018 to December 2024, and Director of the For personal use only • Director of the Company since December 2021 Company since Jan
Slide 9: CEO's address
For personal use only 02 CEO’s address 9
Slide 10: FY24 highlights
FY24 highlights Ongoing outperformance and strategic delivery For personal use only Strong sales performance and low lapse rates drives in-force premium growth ahead of guidance Continued market share growth in direct and advised markets Australia’s most awarded Direct Life Insurer for the fifth con
Slide 11: FY25 key strategic initiatives
FY25 key strategic initiatives For personal use only DIRECT LIFE LEADER STRATEGIC PARTNERS GROWTH CAPTURE SCALE ADVANTAGES Build on our position as Australia’s Build and support our network of Optimise the business to achieve leading direct life insurer adviser partners economies of scale Organic gr
Slide 12: FY25 trading update and outlook
FY25 trading update and outlook Continued market share gains and margin stability For personal use only ✓ Growth continues 6% in-force premium growth through four months to end October 2024 ✓ Strong underwriting Claims experience in line with expectations, with margins expected to remain stable ✓ Ca
Slide 13: Formal Business
For personal use only 03 Formal Business 13
Slide 14: Item 1. Financial statements and reports
Item1. Financial statements and reports For personal use only To receive and consider NobleOak’s Financial Report, Directors’ Report and the Auditor’s Report for the Company and its controlled entities for the year ended 30 June 2024 14
Slide 15: Item 2. Adoption of Remuneration Report
Item 2. Adoption of Remuneration Report For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution: 2 “That the Remuneration Report for the year ended 30 June 2024 be adopted.” For Open Against Abstain 22,435,285 4,590 30,415 0 99.84% 0.02% 0.14% 1
Slide 16: Item 3a. Re-election of Andrew Boldeman
Item 3. Election and Re-election of Directors For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution: Item 3a “That Andrew Boldeman, being eligible and offering himself for re-election, be re-elected as a Director.” For Open Against Abstain 22,
Slide 17: Item 3b. Re-election of Sarah Brennan
Item 3. Election and Re-election of Directors For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution: Item 3b “That Sarah Brennan, being eligible and offering herself for re-election, be re-elected as a Director.” For Open Against Abstain 22,50
Slide 18: Item 3c. Election of Andrew Gale
Item 3. Election and Re-election of Directors For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution: Item 3c “That Andrew Gale, being eligible and offering himself for election, be elected as a Director.” For Open Against Abstain 22,501,268 4,
Slide 19: Item 4a. CEO FY25 Long-Term Incentive Plan
Item 4. Approval of Incentive Plans for the CEO for FY25 For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution for the purposes of exception 8 of ASX Listing Rule 10.12, ASX Listing Rule 10.14 and all other purposes: Item 4a “That approval be
Slide 20: Item 4b. CEO FY25 Transitional Award
Item 4. Approval of Incentive Plans for the CEO for FY25 For personal use only To consider and, if thought fit, pass the following resolution as an ordinary resolution for the purposes of exception 8 of ASX Listing Rule 10.12, ASX Listing Rule 10.14 and all other purposes: Item 4b “That approval be
Slide 21: General Q&A
For personal use only 04 General Q&A 21
Slide 22: Close
For personal use only 05 Close 22
Slide 23: Important notice and disclaimer
Important notice and disclaimer CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Forward-looking statements This presentation may contain statements that are, or may be deemed to be, forward-looking statements. Such statements can generally be identified by the use of word
Slide 24: Important notice and disclaimer (continued)
Important notice and disclaimer (continued) CONTENT OF PRESENTATION FOR INFORMATION PURPOSES ONLY For personal use only Presentation of information The financial data in this presentation is provided on a statutory basis but in a non-statutory presentation format (unless otherwise stated). ▪ Currenc